15.03.2011 - Commodities price bubble Asia's next crisis?
From Bangkokpost.com: A commodity price bubble is growing and could lead to an Asian price crisis for the next 3-5 years, say economists at TMB Bank. Two factors underpin the rise in commodities prices, said Dr Benjarong Suwankiri, a TMB vice-president. The first is the spate of natural disasters that have curbed supplies and pushed up prices since last year's third quarter. The second is the imbalance of liquidity between developed and emerging countries. High liquidity in developed countries is out of sync with their sluggish economic recovery. As a result, funds have flowed into emerging economies and a lot of that money has gone into speculating on commodities..............................................Full Article: Source
Print